Vedanta SPV takes up development at Lanjigarh

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jayrajbehera

12 May, 2010

Lanjigarh Proejct Area Development Foundation (LPDAF), the Special Purpose Vehicle of Vedanta Project at Lanjigarh has initiated community development projects at Lanjigarh.

A FOUNDATION stone for construction of a High Level bridge over Banshadhara River has been laid at Lanjigarh by Dr. Mukesh Kumar, Director, LPADF on May 11, 2010. The long-awaited bridge is being constructed by Lanjigarh Project Area Development Foundation (LPADF) – a special purpose vehicle by Government of Orissa, Orissa Mining Corporation and Sterlite Industries. Sridhar Pesnia, Ex-Vice-Chairman, Lanjigarh; Chandradhwaja Pesnia, Ex-Sarpanch, Lanjigarh; Trinath Mahakud and Bibhuti Bhushan Kumar were also present during the occasion. Local MLA, Sibaji Majhi, though consented to be the chief guest of the program, could not attend due to his preoccupation.

The project worth Rs. 66 lakhs will connect Lanjigarh with Jagannathpur and other tribal villages in the locality. This development has been embraced with joy by the people of the area, as this will go a long way in improving the lives of the people in the locality by facilitating communication. "This was a long-standing demand for people of Lanjigarh. We welcome LPADF for taking up this project, which will connect Lanjigarh with K.Singhpur and Rayagada," said Mr. Sridhar Pesnia, Ex-Vice-Chairman, Lanjigarh.

Addressing the gathering, Dr. Mukesh Kumar, Director, LPADF from Sterlite Industries said, “The Bridge is very important for connecting tribal villages with Lanjigarh and this would be completed by August 2010”. The LPADF, he informed, has lined up several development projects in the areas of health, education and infrastructure for development of Lanjigarh area.

Lanjigarh Project Area Development Foundation (LPADF) is a special purpose vehicle formed, as per Supreme Court’s Order by Government of Orissa, Sterlite Industries India Limited (SIIL) and Orissa Mining Corporation (OMC). The LPADF would dedicatedly take up development project in 50 km radius around Vedanta Alumina Refinery Project at Lanjigarh. Sterlite Industries will deposit 5% of the profit or Rs. 10 Crore - whichever is higher - from the project for local area development with this special purpose vehicle.